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⑴ The Malaysian rubber market closed lower on Thursday, mainly due to weakened international oil prices and a general decline in Asian rubber futures. Data showed that Brent crude oil prices once fell by 1.13% to $70.76 per barrel. The pullback in energy prices dampened overall market sentiment for rubber. Malaysia Standard Rubber SMR20 dropped by 5.5 sen to 860.5 sen per kilogram, and bulk latex prices also fell by 4 sen to 746 sen per kilogram.⑵ Market participants stated that the decline in international oil prices was mainly driven by expectations of improved crude oil supply from the West Asia region, alleviating supply concerns and putting pressure on the oil market. Meanwhile, weaker regional rubber futures also reflected caution regarding the demand outlook in the automotive industry, with cooling demand expectations further limiting rubber price performance.⑶ However, the rubber market is not entirely without support. U.S. auto sales remain resilient, with sustained growth in demand for hybrid and new energy vehicles. Some automakers reported stable sales in the second quarter, providing a certain degree of support for rubber consumption, such as tires. Going forward, the market will continue to monitor international oil price trends, changes in automotive industry demand, and supply conditions in major Asian rubber-producing areas. With both bullish and bearish factors at play, rubber price volatility may persist.

Golden Longhui July 2｜Citigroup has lowered the target price of Constellation Energy from $348 to $297, maintaining a "neutral" rating. (Golden Longhui)

Foresight News reports that the decentralized lending protocol Venus Protocol has released a proposal to integrate 87 deprecated markets across 8 chains, including BNB Chain, Ethereum, and Arbitrum. The proposal will be executed in two steps: first, setting the reserve factor to 100% and significantly increasing borrowing rates to encourage users to exit; second, during the week of June 29, setting the collateral factors and liquidation thresholds of the relevant markets to zero, which will expose these positions to liquidation risk. Venus strongly advises borrowing or deposit users in these markets to close their positions or withdraw assets before this occurs.